Happy Friday, and welcome to your end-of-week edition of “Where’s the Freight?” from Trucker Tools. “Where’s the Freight” is a free, three-times-a-week market report that uses real-world data to predict where demand for capacity will be high, low, increasing and decreasing over the next five to seven days. In this Friday edition of “Where’s the Freight?,” you’ll notice that four of the markets in our Top Five Hottest Markets list are in the Southern United States, while one Canadian flatbed market claims the number one spot in the list. Also of note in today’s report is that two cities in the Canadian province of Alberta are projected to have extremely low demand/low rates for dry van this week. You can expect demand for reefer capacity to be on the upswing this week inbound to and outbound from Texarkana, Texas, and Dodge City, Kan., as well.
Read on for more insights into which markets will be hot and cold in the coming week in this Friday edition of Trucker Tools’ “Where’s the Freight?”
Hottest Markets for Owner Operators and Carriers
- Southwestern Ontario and Flagstaff, Ariz., will be the highest demand/highest rate flatbed markets in North America this week. Demand for flatbed is likely to rise this week to/from Rapid City, S.D., and Wheeling, W.Va.
- If you haul reefer, you may want to prioritize loads inbound to and outbound from Tucson, Ariz. And Lexington, Ky., this week, as these are projected to be the highest demand reefer markets in the nation over the next five to seven days. You also can expect reefer demand to increase over the next week for Texarkana, Texas, and Dodge City, Kan.
- El Paso, Texas, will be the highest demand/highest rate power only market in North America in the coming week, while demand for power only is expected to rise this week inbound to and outbound from Savannah, Ga.
Coldest Markets for Owner Operators and Carriers
- Dodge City, Kan., and Springfield, Mass., are likely to be the least profitable flatbed markets in North America in the coming week.
- Demand for reefer capacity will be extremely low this week inbound to and outbound from Billings, Mont., and Hartford, Conn. You also can expect to see demand for reefer decline this week for Vancouver, British Columbia.
- On the dry van side, Calgary, Alberta, likely will be the lowest demand/lowest rate dry van market in North America in the coming week. Demand/rates for dry van also are projected to fall over the next five to seven days for Edmonton, Alberta.
Trucker Tools’ Market Insights
- According to the very latest Trucker Tools data, the top five (highest demand) markets for owner operators and carriers this week will be: 1. Southwestern Ontario (flatbed), 2. Tucson, Ariz. (reefer), 3. Flagstaff, Ariz. (flatbed), 4. Lexington, Ky. (reefer), and 5. El Paso, Texas (power only).
- The bottom five (lowest demand) markets for owner operators and carriers this week will be: 1. Calgary, Alberta (dry van), 2. Billings, Mont. (reefer), 3. Dodge City, Kan. (flatbed), 4. Hartford, Conn. (reefer), and 5. Springfield, Mass. (flatbed).
- According to today’s FreightWaves Daily Market Update, national outbound tender volumes and rejections are up slightly, while tender rejections are down slightly.
- Demand for flatbed capacity to/from Flagstaff, Ariz., is projected to be three times higher than at the same time last year.
- Data released this week by the Bureau of Labor Statistics shows significant growth in truck transportation and logistics hiring for the month of July.
- The Port of Savannah in Savannah, Ga., where demand for power only capacity is projected to rise this week, is moving record-breaking volumes of cargo, reporting that its cargo volumes are up by 20 percent since July 1, 2021.
- As of today, nearly 9,000 Canadian border employees began a work-to-rule strike at ports of entry across the U.S./Canadian border, which is likely to cause delays for trucks at busy border crossings.
For more market insights, be sure to check out Where’s the Freight? Dodge City, Rapid City, Texarkana and San Diego Will Be Top Markets for Truckers in Coming Week, the mid-week edition of our free market report. To download the Trucker Tools mobile app, visit https://www.truckertools.com/carriers/.